Dynamic Technology Lab Private Ltd purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,195 shares of the company’s stock, valued at approximately $783,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DLTR. BlueMountain Capital Management LLC raised its position in Dollar Tree by 119.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after acquiring an additional 825 shares during the period. Sun Life Financial INC raised its position in Dollar Tree by 17,100.0% during the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after acquiring an additional 1,710 shares during the period. FNY Managed Accounts LLC acquired a new position in Dollar Tree during the first quarter worth $124,000. Independent Portfolio Consultants Inc. raised its position in Dollar Tree by 18.1% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after acquiring an additional 285 shares during the period. Finally, YorkBridge Wealth Partners LLC raised its position in Dollar Tree by 2.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after acquiring an additional 36 shares during the period. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dollar Tree, Inc. (DLTR) traded down 0.02% on Wednesday, reaching $91.51. 244,307 shares of the company traded hands. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $92.15. The firm has a 50-day moving average of $84.97 and a 200-day moving average of $77.68. The company has a market capitalization of $21.67 billion, a PE ratio of 23.41 and a beta of 0.70.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. During the same quarter last year, the company posted $0.72 EPS. Dollar Tree’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that Dollar Tree, Inc. will post $4.68 earnings per share for the current fiscal year.

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In related news, insider William A. Old, Jr. sold 1,487 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $91.50, for a total value of $136,060.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Macon F. Brock, Jr. sold 63,000 shares of the stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.04, for a total value of $5,735,520.00. The disclosure for this sale can be found here. Insiders sold a total of 101,449 shares of company stock valued at $9,139,337 in the last quarter. 2.90% of the stock is currently owned by corporate insiders.

A number of research firms have weighed in on DLTR. Deutsche Bank AG restated a “buy” rating and set a $95.00 price objective on shares of Dollar Tree in a research report on Tuesday, July 4th. Raymond James Financial, Inc. upgraded shares of Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 price objective for the company in a research report on Friday, August 25th. Jefferies Group LLC restated a “hold” rating and set a $85.00 price objective (up from $80.00) on shares of Dollar Tree in a research report on Friday, August 25th. Piper Jaffray Companies restated a “hold” rating and set a $85.00 price objective on shares of Dollar Tree in a research report on Tuesday, August 22nd. Finally, Loop Capital restated a “buy” rating and set a $86.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 9th. Eleven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $90.14.

Dollar Tree Company Profile

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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